Abraxas在Hyperliquid开7.83亿美元空单，还提走1.73亿ETH对冲
伦敦基金Abraxas在Hyperliquid建了7.83亿美元空单，同时从交易所提取1.73亿美元ETH做对冲。
链上数据显示，Abraxas Capital在Hyperliquid上开出了价值7.83亿美元的空单仓位，规模大到在持仓榜上藏不住。但有意思的是，同一时间他们从交易所提取了约1.73亿美元的ETH。一边做空、一边提币，这不是单纯看空，更像是套利结构：Hyperliquid上的空单赚基差或资金费，链下ETH现货锁住敞口，两头吃。
Market impact
- Short term: The $783 million short position itself is a sell-pressure signal, and market sentiment is cautious. BTC is trading sideways around $77,401.64, and ETH at $2,451.27 hasn’t given any confirmation to the downside. With a position of this magnitude on Hyperliquid, any price fluctuations could amplify liquidation-chain risks.
- Medium term: Big funds are using Hyperliquid as a hedging tool, suggesting that the on-chain perpetuals depth is already sufficient to absorb institutional capital. However, the more concentrated institutional shorts are, the more frequent structural market fluctuations will be.
My take
This scale of short positions isn’t meant to bet on direction, but the market only looks at the surface: big whales short = someone is betting on a drop. In the short term, I’m cautious. If BTC at $77,401.64 breaks down, the support and pressure around ETH $2,451.27 will become noticeably heavier. Hedging out the position doesn’t mean there’s no risk—the true variables are Hyperliquid’s own liquidation mechanism and liquidity depth.
- Asset: BTC / ETH
- Direction: Bearish 📉 Predict a drop
- Duration: BTC 12 hours / ETH 24 hours
$BTC $ETH #BTC #ETH
📊 Historical backtest
- After similar news like “CZ jailed, $300 million liquidation pushes Bitcoin down to $60,000” (2024-05-01), BTC’s 12h price change was +1.29%, so the bearish prediction was wrong ❌
- There were 136 BTC-bearish-type news items in history. In 64 cases, the predicted direction matched the actual price action (accuracy 47%).
#Whale activity
⚠️ Not investment advice
伦敦基金Abraxas在Hyperliquid建了7.83亿美元空单，同时从交易所提取1.73亿美元ETH做对冲。
链上数据显示，Abraxas Capital在Hyperliquid上开出了价值7.83亿美元的空单仓位，规模大到在持仓榜上藏不住。但有意思的是，同一时间他们从交易所提取了约1.73亿美元的ETH。一边做空、一边提币，这不是单纯看空，更像是套利结构：Hyperliquid上的空单赚基差或资金费，链下ETH现货锁住敞口，两头吃。
Market impact
- Short term: The $783 million short position itself is a sell-pressure signal, and market sentiment is cautious. BTC is trading sideways around $77,401.64, and ETH at $2,451.27 hasn’t given any confirmation to the downside. With a position of this magnitude on Hyperliquid, any price fluctuations could amplify liquidation-chain risks.
- Medium term: Big funds are using Hyperliquid as a hedging tool, suggesting that the on-chain perpetuals depth is already sufficient to absorb institutional capital. However, the more concentrated institutional shorts are, the more frequent structural market fluctuations will be.
My take
This scale of short positions isn’t meant to bet on direction, but the market only looks at the surface: big whales short = someone is betting on a drop. In the short term, I’m cautious. If BTC at $77,401.64 breaks down, the support and pressure around ETH $2,451.27 will become noticeably heavier. Hedging out the position doesn’t mean there’s no risk—the true variables are Hyperliquid’s own liquidation mechanism and liquidity depth.
- Asset: BTC / ETH
- Direction: Bearish 📉 Predict a drop
- Duration: BTC 12 hours / ETH 24 hours
$BTC $ETH #BTC #ETH
📊 Historical backtest
- After similar news like “CZ jailed, $300 million liquidation pushes Bitcoin down to $60,000” (2024-05-01), BTC’s 12h price change was +1.29%, so the bearish prediction was wrong ❌
- There were 136 BTC-bearish-type news items in history. In 64 cases, the predicted direction matched the actual price action (accuracy 47%).
#Whale activity
⚠️ Not investment advice
